Govt to distribute millets like bajra via PDS.
Bajra remains weak on low demand
Bajra remains weak on low demand
NCDEX to cancel 5% special cash margin on coriander
The NCDEX will withdraw the existing 5% special cash margin on buy and sell positions of coriander effective. The withdrawal will be applicable on all running and yet-to-be-launched contracts of the spice. On the NCDEX, the most active May contract of coriander ended at 5,025 rupees per 100 kg, down 1.5% from the previous close.
NCDEX coriander ends at 3-week low as stocks surge
Coriander futures on NCDEX ended at a three-week low of 5,025 rupees per 100 kg because of a rise in inventories. The most active May contract ended 1.5% lower from the previous close. A decline in exports and higher carryover stocks led to a rise in total inventory to such a level that stockists do not have enough space at warehouses to store new stocks. Prices also fell in the benchmark market of Kota, Rajasthan, despite a decline in arrivals.
Canada agency sees 2017-18 chana avg prices down on high crop view.
Canada’s agriculture agency has lowered the average price view of chana or chickpeas for 2017-18 (Aug-Jul) on expectation of higher acreage and thereby higher output in 2018-19. Agriculture and Agri-Food of Canada’s April report has forecasted average prices of Canadian chana to decline to $1,070-$1,100 per tn from $1,120-$1,150 view in March. Average price forecast of Canadian chana in 2018-19 is estimated to decline to $1,000-$1,030 per tn on year. Output of chana in 2018-19 is estimated to rise to 145,000 tn from 92,000 tn in 2017-18. The agency has kept the price outlook for Canadian peas and masur unchanged from its March forecast. Peas price in 2017-18 is estimated at $240-$270 per tn, while for masur it is estimated at $480-$510 per tn. In 2018-19 average peas price is forecast at $220-$250 per tn, while that of masur is estimated at $455-$485 per tn.
Mustard seed dn in Jaipur on low demand from millers
Prices of mustard seed fell in Jaipur, Rajasthan, due to subdued demand from domestic stockists and millers. A rise in arrivals also weighed on prices.
Tur prices dn in Akola on weak demand from millers
Prices of tur fell in the benchmark market of Akola due to subdued demand from dal millers. In Kalaburagi, another key market, prices were steady, while arrivals were unchanged.